Price has reached a meaningful resistance area near the March highs, which may trigger renewed selling pressure. If confirmed, this could open the path toward a deeper move into the macro support zone around 60–50.
Until price is closing bellow 100, my operative scenario is one more wave down to a macro support.
Thanks for your attention and best of luck with your trading!
Until price is closing bellow 100, my operative scenario is one more wave down to a macro support.
Thanks for your attention and best of luck with your trading!
Note
Price broke key mid-term resistance for a donwside set-up to have higher odds. Shifting my operative scenario to upside targets in coming weeks/monthsUntil price holds above 115, I will be keeping this as my main interpretation of a trend. Next important resistance targets: 160-175 and 185-205
Macro structure:
Делюсь опытом работы на финансовых рынках в личном блоге: t.me/marketartistry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Делюсь опытом работы на финансовых рынках в личном блоге: t.me/marketartistry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.